Adage Capital Partners GP L.L.C. Has $3.36 Million Stock Holdings in Pan American Silver Corp. $PAAS

Adage Capital Partners GP L.L.C. decreased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,000 shares of the basic materials company's stock after selling 30,000 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Pan American Silver were worth $3,358,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PAAS. Northern Trust Corp raised its position in shares of Pan American Silver by 210.1% in the fourth quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock valued at $1,696,000 after purchasing an additional 56,826 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Pan American Silver in the fourth quarter valued at approximately $222,000. BNP Paribas Financial Markets increased its position in Pan American Silver by 17.0% during the fourth quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company's stock worth $1,122,000 after acquiring an additional 8,081 shares during the period. Graham Capital Management L.P. bought a new position in Pan American Silver during the fourth quarter worth $1,199,000. Finally, Janus Henderson Group PLC increased its position in Pan American Silver by 2.5% during the fourth quarter. Janus Henderson Group PLC now owns 91,688 shares of the basic materials company's stock worth $1,861,000 after acquiring an additional 2,246 shares during the period. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Pan American Silver stock traded up $0.93 on Wednesday, hitting $36.33. The company's stock had a trading volume of 7,328,168 shares, compared to its average volume of 4,663,135. The firm has a market cap of $15.33 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.45 and a beta of 0.65. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $30.77 and a 200-day moving average price of $27.45. Pan American Silver Corp. has a one year low of $18.71 and a one year high of $36.49.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business's revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.12 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio is presently 33.10%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAAS. Scotiabank dropped their target price on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Friday, September 5th. TD Securities dropped their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Finally, National Bank Financial raised shares of Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.20.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.